UPDATE 1-E-commerce helps boost quarterly revenue at Carrefour Brasil

Gram Slattery

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(Rewrites to add detail on sales data)

By Gram Slattery

SAO PAULO, Oct 16 (Reuters) - Brazilian retailer Carrefour Brasil posted a strong boost in third-quarter sales on Tuesday, supported in part by the end of a deflationary cycle for food products and strong growth of the firm's e-commerce initiatives.

In a securities filing, the Brazilian unit of France's Carrefour SA said revenue rose 8.1 percent in the third quarter from a year ago to 14 billion reais ($3.76 billion). Same-store sales, a closely watched metric of sales at stores open for at least 12 months, climbed 5.1 percent.

However, Carrefour Brasil's more traditional retail formats, known collectively as Carrefour Varejo, also posted strong same-store sales, growing 3 percent from the same period last year, which the company attributed in part to the firm's rapidly growing e-commerce segment. As recently as the first quarter, same-store sales growth at Carrefour Varejo had been near zero.

E-commerce business at Carrefour Varejo jumped some 106 percent from the same quarter a year ago, the firm said, composing 6.9 percent of sales, up from 3 percent in the same quarter a year ago.